Economy, asked by snig23, 1 year ago

Is economics positive or normative? Discuss by giving appropriate examples.
Answer for 8 marks​

Answers

Answered by jagadeep72
3

A normative statement is a value judgement and states what someone thinks 'ought to be'. ... An example of a normative statement: Economists must always use positive statements when making responses, not normative. A positive statement is one that is objective and can be backed up by evidence.

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